The Baby Boomers want more, not less. They want smart, connected retirement villages with high-speed private networks, automated systems, and clean, affordable energy.
The Over 50s land lease operator GemLife, which is being floated on the ASX on 3 July, is more than aware and realises the benefits to both its margin and the residents' bank balance.
Virtual power plants (VPP) are in operation at GemLife Maroochy Quays, GemLife Palmwoods and GemLife Bribie Island lifestyle resorts in Queensland.
"Installation of a VPP can save energy costs primarily through managing exposure to network charges and peak tariffs. Network charges account for approximately 40% of total energy costs, installation, and management of a VPP with central battery storage will reduce exposure to these charges reducing overall costs,” said Mark Langdon, CEO of Prospect Utilities.
"A properly configured VPP will also reduce exposure to peak tariffs with associated cost benefit. An additional benefit that can be gained is through contracting within the national energy market that can open revenue generation opportunities, offsetting capital cost exposure."
With the price of power continuing to rise substantially, the residents in your retirement living business will appreciate the savings from having your own power plant.
The $200 million 46ha GemLife Gold Coast, which is under construction, is installing state of the art 5GmmWave FWA technology, which has also gone live at GemLife Moreton Bay where they have already connected CCTV and will be connecting a flood monitoring system and access control system shortly. When the mainline power cuts, your community will continue as normal.
Prospecta Utilities’ model gives operators a low or no upfront cost way to roll out private 5G networks and smart energy systems, including embedded networks – without the capital outlay.
No need for massive and costly changes to infrastructure that boards hate.
Prospecta Utilities’ AI-powered systems combine solar, community batteries and their award-winning Sandstone software to simplify and automate energy management.
Sandstone integrates metering, billing, payments, compliance, and reporting across all utilities, with custom dashboards and built-in CRM/CMS. It reduces your operational burden - and future-proofs your systems.
Retrofitting? Masterplanning? Prospecta does both. Start with a site assessment and receive a tailored roadmap to strengthen your infrastructure while unlocking cost savings and long-term value.
The real risk isn’t in upgrading. It’s doing nothing at all.
